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Share Name Share Symbol Market Type Share ISIN Share Description
De La Rue Plc LSE:DLAR London Ordinary Share GB00B3DGH821 ORD 44 152/175P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.00p -0.66% 300.00p 450,452 16:28:54
Bid Price Offer Price High Price Low Price Open Price
300.00p 300.50p 304.00p 298.00p 301.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 564.80 25.50 16.50 18.2 310.5

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De La Rue (DLAR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:43:59300.407302,192.88O
16:14:27300.011,9635,889.27O
15:39:15300.004,89514,685.00O
15:35:12300.0083,675251,025.00UT
15:33:40300.811,1003,308.91O
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De La Rue (DLAR) Top Chat Posts

DateSubject
18/6/2019
09:20
De La Rue Daily Update: De La Rue Plc is listed in the Support Services sector of the London Stock Exchange with ticker DLAR. The last closing price for De La Rue was 302p.
De La Rue Plc has a 4 week average price of 282p and a 12 week average price of 282p.
The 1 year high share price is 567p while the 1 year low share price is currently 282p.
There are currently 103,512,631 shares in issue and the average daily traded volume is 619,044 shares. The market capitalisation of De La Rue Plc is £310,537,893.
04/6/2019
20:10
speedsgh: Good to see Crystal Amber increasing their stake... HTTPS://uk.advfn.com/stock-market/london/de-la-rue-DLAR/share-news/De-La-Rue-PLC-Holdings-in-Company/80050113
30/5/2019
11:51
simba_: Was having a look at this business before the jump in share price. Figured i had missed the boat but have been keeping an eye on them since.Results are too complicated for me. Would have to take some time to pour over but I've lost insterest. Expect these will continue to fall and hit under 300p. Recovery plays are brutal, especially so in these markets.
10/4/2019
11:15
speedsgh: Activist investor, Crystal Amber (CRS), owns a 5.4% stake in DLAR which represents just over 10% of CRS latest NAV to 31/3/19. The following is from Crystal Amber's latest commentary on their portfolio... HTTPS://www.investegate.co.uk/crystal-amber-fund-limited--crs-/prn/monthly-net-asset-value/20190409070000PF2DB/ De La Rue designs and prints banknotes, produces related components including security features, and also prepares polymer substrate that forms the basis for "plastic" notes. The company also produces individual identity documents and supports the related issuance infrastructure, as well as manufacturing tax stamps, and products and software to authenticate and track individual products throughout their supply chains. In March 2018, De La Rue's share price dropped significantly as a result of the joint announcement of a minor profit warning and the CFO's unexpected departure, followed two days later by news of the company's failure to secure the renewal of the UK passport contract. At this time, the Fund initiated its investment. The banknote industry has high barriers to entry due to the critical nature of the product and a relatively conservative base of central banks customers. Although the penetration of electronic payments is increasing rapidly in many countries, the volume of banknotes issued globally is experiencing modest growth. De La Rue has an attractive mix of long-term customer relationships in geographies with relatively high population growth, including various African and Asian countries. The integration of security features into more banknote denominations is also raising the average production value of new notes. Despite the trends beneficial to revenues from banknote security features and the market tailwinds enjoyed by its identity and product authentication divisions, De La Rue has not delivered underlying earnings growth over the last three years. The primary explanations for this are the loss of a large security features contract towards the end of 2015 and the significant increase in expenditure on both R&D and sales and marketing efforts. The Fund believes that De La Rue enjoys a combination of strong competitive positions in high return businesses and attractive growth opportunities backed by a capacity for both significant organic investment and the acquisition of further technological competencies. The company also has obvious strategic value, as evidenced by the takeover approach from its competitor Oberthur in late 2010, and the early 2018 acquisition of another banknote producer, Crane Currency, by the US-listed conglomerate Crane Co. However, De La Rue’s financial performance has been unacceptable, as demonstrated by earnings per share which at March 2015 were 46.1p, grew only slightly to 47.1p two years later, and then declined to 42.9p by March 2018. Moreover, market forecasts for the year to 31 March 2019 place the shares on a PE multiple of less than 10. Despite management speak of a growth strategy, the stock market lacks any evidence as to how growth in earnings per share is achievable. Therefore, in recent months, the Fund has engaged extensively with both De La Rue’s Chief Executive and Chairman. The Fund has made constructive suggestions and specific proposals aimed at solving these fundamental issues. In addition, the Fund has provided suggestions to improve and increase financial transparency with the information that the company can provide to market participants. The Fund hopes and expects that De La Rue’s management will now effect the change that is required so that market participants can both identify growth and the substantial release of shareholder value. Over the quarter, De La Rue’s share price fell by 8.9%
07/11/2016
23:02
ch1ck: I looked at the polymer bank note industry. Private equity owns the people who make the polymer and print the notes. Delaru are involved in the process mainly in design. I wish they were more involved but this industry is set to grow.The share price has fallen but there was an unusually large buy recently which would indicate either someone knows news or believes the price will change direction. I bought in today
27/2/2015
12:06
meijiman: Fine -I have some shares and would like the share price higher -as would we all.
25/11/2014
10:51
james smith: Confidence? I look at it like this. If the price goes up I will buy. If it goes down I will sell. I take a very short term view always. It is confidence in the share price that concerns me. I can't see what could be restructured. When governments are your customers things take time. Governments don't suddenly decide to change the design of a note and reissue currency overnight. When I was Group Management Accountant in the banknote division in the 1970s they thought of themselves as a conglomerate. They had Formica and Potterton Boilers which gave more security, in theory. Mind you, then, the banknote division was making the money and constantly moaning about the drain of having Formica and Potterton so you can't win. Can you? It seems that they have rather narrowed their market. We were even printing "family planning" comics for the government in Columbia back then. There was also Security Express. Those were the days of regular armed robberies so the internal monthly reports were always entertaining. We had the truly wonderful robbery where the crew stopped the van and went into a public lavatory for a pee, leaving the van in the road to be driven off. They were even crazy enought to start up a Security Express (Wells Fargo it was out there) in Columbia. They were delighted to even get a van to it's destination.
26/9/2014
11:39
iaincc: Have I got the maths wrong ? With EPS of say 16p and a generous PE of 15 Share price = £2-2.50 At which point the 8p dividend is effective 3.2% That's about as attractive as the Chairman's future
28/5/2014
14:52
jange: A most odd share. Any whiff of bad news and £100 million is simply wiped off the value. Any slight 'good' news and the share price rockets by 10%. Bit like an aim share.
26/2/2014
20:01
jange: Yep, Aa rather dull company and a dull share. Not very happy that Cobbold is leaving. He performed very well at Smiths and managed the takeover at Chloride. He has repaired dlar to an extent but the share price remains in the doldrums. I just hope they win the BOE contract.
06/2/2014
09:27
quepassa: Yield now an astonishing 5.6%. Not a robust dividend cover ratio but no real reason in my view to suspect whatsoever anything other than retaining ( possibly increasing) dividend. The general pack of analysts are around the 850 Price Target range with Investec giving a BUY at a Target Price of 890p on 31st. January. The analysts see upside to the current share price. Sentiment not particularly supportive and not helped by the unnecessarily dour tone of announcements. I think the last two posts are interesting about Oberthur. ALL IMO. DYOR. QP
De La Rue share price data is direct from the London Stock Exchange
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